National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Idaho  + Office  | 

Idaho Authorizes $126M Purchase of Former HP Campus

The Idaho House approved a resolution authorizing state officials to finance the purchase of office space on Hewlett-Packard’s former Boise, ID campus. The buildings will house Idaho’s State Tax Commission and possibly other state agencies.  Governor C.L. Otter said the administration plans to acquire the 1.3-million-squre-foot campus for approximately $110 million, with the extra $16 million going to renovations.

The company employed 4,000 at the campus on Chinden Boulevard at one time. HP indicated it would lay off 3,000 workers by the end of 2016 to save the company $300 million by early 2017. HP declined to share details of the transaction, only to tell Fortune magazine that “it plans to evaluate sale and leaseback deals for the company’s Boise site.”

Subscribe to Connect Daily National

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read More at Fortune Magazine

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition
New call-to-action